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Obama Nominates Elisse Walter to Head SEC

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    FBN’s Robert Gray with an afternoon market update, plus news that President Obama has nominated Elisse Walter to head the SEC.

  • Duration 0:57
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I'm Robert great review our Fox Business brief.

President Obama has -- landed -- -- walker to replace Mary Schapiro as the head of the Securities and Exchange Commission.

-- -- -- step down next month after leading the SEC for a major overhaul in the wake of the financial crisis.

Fox Business senior correspondent Charlie Gasparino first reported Shapiro's imminent departure.

The former hedge fund manager accused of engaging in the most lucrative insider trading scheme ever.

Has been released on five million dollars bail Matthew Mark Silva faces charges for allegedly obtaining confidential information about a clinical trial.

-- alzheimer's drug.

From the University of Michigan neurology professor.

Benefits market down on Wall Street the NASDAQ the only major average in the green right now the Dow is down below the thirteen thousand level.

That is the latest from the Fox Business Network giving you the power to prosper.